U.S. senators reached an agreement on Monday on legislation imposing new sanctions on Russia, including a provision that would prevent the White House from easing, suspending or ending sanctions without congressional approval.

U.S. Republicans and Democrats have reached agreement on legislation that allows new sanctions against Russia, Iran and North Korea, leading congressional Democrats said on Saturday.

U.S. Senator Bob Corker says there is no deal yet on a Russia sanctions bill, and there is some way to go before an agreement is reached despite an earlier announcement the legislation would go to a vote.

House conservatives have mounted a campaign to urge President Trump not to reappoint Federal Reserve Chair Janet Yellen.

Moscow is barring some German and EU officials from entering Russia as part of its response to EU sanctions following the poisoning of Kremlin critic Alexei Navalny.

US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi.

The US Treasury Secretary Janet Yellen has warned that the government could run out of money by October 18, if Congress doesn't raise or suspend its borrowing limit before then. Senate Republicans on Tuesday blocked a measure to raise the debt ceiling, ahead of a looming federal shutdown on Friday. Also today, we report on how a car parts factory near Paris has been adapting its working methods to cope with a shortage of raw materials.

Ukrainian President Volodymyr Zelenskyy has urged the European Union to act swiftly, as concern grows over Russia's military buildup on the border to Ukraine. Coming up with a sanctions policy after an invasion would be too late, he said.

Some EU governments are pushing for an embargo on Russian oil and gas to punish Moscow for its war against Ukraine and force a Russian military withdrawal.

Germany's Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation.

Since Russia invaded Ukraine four months ago, the cost of living crisis has become a global issue. Prices have gone up around the world. In Europe, the countries that use the euro saw an average of 8.1 percent inflation in May. Pressure on prices, combined with stuttering economic growth, has sparked fears of a recession. These concerns could still come into play regarding the EU's response to the Russian invasion of Ukraine. In this programme, we're joined by two MEPs to discuss how the EU should balance sanctions against Russia with the risk of recession.

The EU denounced the "illegal" annexation votes Russia held in occupied Ukrainian regions and proposed a new raft of sanctions over the development.